Moon Jae-in administration’s housing policies how this goes?

So, why a subtitle as the ‘Moon Jae-in, Trump real estate boom times 토토.’ of the book? I’ll tell you in advance that this is not a thinly veiled scheme to try to sell some books by taking advantage of the attention it has focused on the new government. There are two reasons why housing prices are rising significantly above normal range. The first housing price boom in the 1970s was caused by a supply shortage caused by the inability of the urban expansion to keep up with the housing supply, and the second housing price surge in the late 1980s was caused by excess liquidity due to the three-day boom in the low three-dollar, low oil prices and low interest rates. Even if there is a shortage of supply and excess liquidity, and only one of these intensifies, housing prices rise. So what happens if these two things happen at the same time? Moon Jae-in Trump followed the government’s policy failure in supply, United States following the government’s policy boils down to miaeso of the excess liquidity already exists.

Let us following the government’s policy first, Moon Jae-in. Under the Roh Tae-woo administration, the participatory government had implemented a real estate control policy based on the “land disclosure concept,” which was introduced and became famous after being ruled unconstitutional. Moon Jae-in, the government much these policies will likely follow. Real participatory government’s real estate policies, such as Kim Soo-hyun Society Moon Jae-in have characters who had a key role in the same role for government.

Regulations for reconstruction, urban regeneration and the expansion of rental housing supply are the main pillars of the policy. Already, the revival of the excessive return-on-profit system for reconstruction has been assured, and policy measures to curb reconstruction such as banning the transfer of union membership and strengthening the mandatory ratio of rental houses are endless. Reconstruction is the target of the system, which is being debated as soon as the new government takes office. The increase in financial costs is worsening the profitability of reconstruction.

Of course, most of Seoul’s reconstruction complexes, including the Gangnam area, will not comply with the restrictions and will delay the next administration with a promise. And this will eventually lead to a reduction in supply in Gangnam and other major areas of the city. Urban Regeneration, too. Lee Myung-bak was Seoul mayor since he was pushed way redevelopment method, a New Town is a new building, as a whole area apartment complex. On the other hand, the core of Seoul Mayor Park Won-soon’s “road house readjustment project,” which is the origin of the urban renewal policy, is to keep existing homes as much as possible and improve the environment around them. The urban renewal policy is to expand and promote the city’s street housing readjustment project to nationwide units at a cost of about 50 trillion won. In addition to improving the environment, existing houses will be preserved as much as possible by supporting remodeling costs.

The fundamental difference between the two policies – New Town and Urban Regeneration – is the presence of new supplies. Newtown will break down multi-generation and single-family homes with a floor space ratio of between 100 percent and 200 percent, and build apartments with a floor space rate of between 250 and 300 percent. An enormous number of new apartments are supplied. On the other hand, the goal of the urban renewal project is to improve existing housing and improve the environment around it, as mentioned earlier. There is little new supply and most of the new supply will be supplied in the form of public rental.

Will the price go up if the supply falls and the price goes down if the supply increases? Wouldn’t other variables, like the economy and interest rates, be more important? There are two past cases.

The first is the Roh Tae-woo administration’s policy of building 2 million houses, which will be discussed in detail behind the scenes. As housing prices jumped more than 20 percent on average in a year due to excess liquidity stemming from the three-base boom in the late 1980s, the company supplied 2 million sheets in five years, a whopping amount at the time. Housing prices, which rose 70 percent during the five years of the Roh Tae-woo administration, rose just 2 percent over the five-year period of the Kim Young-sam administration, whose 2 millionth issue was lifted. In the early and mid-1990s, the biggest boom in the history of Dangun, only housing prices remained silent.

The second is the participatory government’s policy of curbing supply in Seoul, especially in the Gangnam area. Since around 2004, a number of economists have warned of a possible bubble burst in the housing market. In early 2000, the asset value bubble issue emerged following a sharp rate cut, and 2004 was when interest rates were